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1065 Carlsbad Village Drive...

Tooley Interests LLC Acquires Retail Property In Carlsbad For $23.5M
SOLDRetail

Tooley Interests LLC Acquires Retail Property In Carlsbad For $23.5M

1065 Carlsbad Village Drive, Carlsbad, California 92008, United States

$23,500,000

$400/SF

Building Size

58,735 SF

Asset Type

Retail

Closing

Dec 13, 2021

AI

The retail property located at 945-1065 Carlsbad Village Drive in Carlsbad has been sold for a price of $23,500,000. The property spans a total area of 58,735 square feet, resulting in a price per square foot of $400. The transaction took place on December 13, 2021.

Summary of transaction details

  • Property Type: Retail
  • Transaction Amount: $23,500,000
  • Address: 945-1065 Carlsbad Village Drive, Carlsbad
  • Market: Carlsbad

The buyer of the property is Tooley Interests LLC, while the seller is Balboa Retail Partners. The deal was facilitated by brokers Pete Bethea, Rob Ippolito, and Glenn Rudy from Newmark.

Players

Rob Ippolito

Newmark

Broker

$486.4M

vol

13 deals

Broker
BP
Balboa Retail PartnersSeller

Carlsbad Retail Market Snapshot

Boundary boundary · Retail · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.68%

Cash-on-Cash

-0.19%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93